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evening, everyone, i'm larry kudlow, and welcome to the "kudlow report." president obama calls for compromise. he has an urgent plea to extend the tax cuts in the next ten days. he's basically calling for a stopgap bill that will avoid tax hikes on 98% of americans. he's willing to waiten o the rest. >>> meanwhile, stocks had a fiscal cliff selloff. but even a deal in january for the cliff is going to be all right if you ask me. and today's economic numbers pretty darn good. and the gun control debate heats up again today after a controversial nra news conference in washington. the "kudlow report" begins right now. >>> all right. let's first look at the market reaction to this fiscal cliff stuff. jackie joins us with the details. good evening, jackie. >> good evening to you, larry. while markets finished lower on the day, they were higher on the week. the dow up about .5%, the nasdaq higher by 1.7%, and the s&p 500 up by roughly 1.2% over the last five days. meantime in terms of sector performance, the financials, they had a rough day. the plan "b" proposal for the fiscal cliff
♪ ♪ >> i just called president obama to congratulate him. >> i congratulated him and paul ryan on a hard-fought campaign. >> i pray that the president will be successful in guiding our nation. >> we are an american family, and we rise or fall together. the task of perfecting our union moving forward. >> tonight, we are celebrating the year in the news, the winners, the losers, the person of the year. and we will hand out the donald trump award. all right, let's start with the most valuable player of 2012, alex wagner. >> in my book, it is david, you saw the beginnings, with dean, and obama. >> krystal? the most valuable player? >> probably to waiter who placed the camera at the mitt romney fundraiser and captured the 47% comments, which i think showed a lot of people their concerns about mitt romney and the fact he really was not there for all of america. that he didn't understand the problems that average americans were facing. >> let's listen to that little moment of video history. the 47%. >> there are 47% of the people who will vote for the president, there are 47% of people who are
the cliff. pass the obama tax cut and reinstate the sequester cuts to things like he likes like the national institute of health and cut the defense budget. put republicans in the corner to say you want to bring a bill to the floor? be my guest. am i right? >> bob: my, you are cynical. keep in mind, they said, boehner said he wants to go to the senate. under the constitution, you cannot start a bill on taxes in the senate. has to come from the house. there is a 48-hour limit because you have to have the house of representatives look at it. i think the deal is cut. they will get legislation and vote on it late monday night. >> andrea: do you think a deal is cut? i talk to people and they say no deal. >> eric: there is no deal. they are saying no deal. president obama coming back to d.c. to fix what he broke in the first place. two solid years to deal with it. this is a gimmick, the flying back from hawaii to do this. nothing going over the fiscal cliff. let the tax cut expire. come back in, offer the tax cuts for people under 250. call them obama cuts and get it going. if you are in congress.
that democrats are terrible because they took $716 billion from medicare for obama care and what do we want to do? pocket the cuts and add more. our chief demand is entitlement cuts. medicare and social security. >> talk about the debt ceiling and where this is played in to this conversation. that is coming up in february or supposed to come up in february. john boehner made the offer to take it off the table for a year but i want to show what lindsey graham has to say over the weekend on "meet the press." >> the big chance for a big deal is that the debt ceiling. that's when we'll have leverage to turn the country around, prevent it from becoming greece and save social security and medicare and to anybody listening to this program, i'll raise the debt ceiling only if we save medicare and social security from insolvency and prevent this country from becoming greece. >> prevent this country from becoming greece. what is your reaction to that? >> absolute and utter nonsense. this country is not becoming greece. this country -- this country, frankly, has a big unemployment problem. we have a deficit
president obama who had been concerned that they were not going to act and challenging them for an up and down vote said he was optimistic. here's the president after that meeting. >> i just had a good and constructive discussion at the white house with senate and house leadership about how to prevent this tax hike on the middle class and i'm optimistic we may still be able to reach an agreement that can pass both houses in time. >> now what would be in that mini deal? we're talking about tax increases for people at near the top of the income scale. the question is the threshold, 400 or $500,000 are the likely places that that could end up. it would likely turn off the automatic sequester by using some of the revenue from the tax increases to account as budget cuts and turn off they is quester and it would also extend unemployment benefits and do the so-called doc fix to prevent reimbursements from declining and also have a milk fix, michelle that would prevent the doubling of milk prices which would occur without an extension of subsidies. >> why aren't people more optimistic? i have
. leading off tonight, fiscal cliff hanger. president obama calls on congress to act after christmas on a scaled down deal that would spare the middle class from tax hikes on the first of the year. >> we've heard plenty of people calling for new gun control laws, but very little from the national rifle association until now. in a bizarre news conference that was interrupted twice by protesters, the head of the nra. it's the same line we've heard before from the nra, but has the country's relationship with guns fundamentally changed since newtown? and what we saw last night from house republicans is yet another symptom of the real problem for the gop. they don't believe in compromise. and they've lurched too far to the right. we begin with where things stand on the fiscal cliff, msnbc political analyst and msnbc contributor jared bernstein. jentle men, president obama tonight said he had spoken with speaker boehner in addition to senate majority leader harry reed. >> i just spoke to speaker boehner and i also met with senator reed. in the next few days, i've asked leaders of congress
three business days to pass legislation to avoid going over the fiscal curb. president obama has cut his hawaii vacation short and is on his way back to washington. the democratic senate will be in session tomorrow but the republicans are staying home. the republican aides tell nbc news that the house will not be in for business tomorrow. they released the statement calling on the senate to act first. senate majority leader harry reid quickly responded with a statement of his own. how else republicans pushed middle class families closer to the cliff by wasting an entire week with their incompetent plan b stunt. it is time for house republicans to put middle class families first by passing the senate's bill to protect 98% of americans from a tax hike on january 1st. the senate bill could pass tomorrow if house republicans would simply let it come to the floor. despite the impasse in washington, a new gallup poll shows 50% of people still believe it is likely that president obama and republicans will reach an agreement before we go over the curb on january 1st. among the believers is conse
days away unless congress acts. one step forward, two steps back. president obama and republican lawmakers have been dancing that waltz for six weeks now, but the music stops when the countdown clock at the bottom of your screen runs out. so where do fiscal cliff talks stand at this critical hour? nbc's kristen welker is on the north lawn and luke russert are both following developments this saturday afternoon. kristen, i'll start with you. any indication at this particular point as to what's happening behind closed doors this afternoon? >> reporter: well, i think most of the action is going on in the hill where staffers with majority leader reid and minority leader mcconnell are trying to conjure up some last-minute deal and this plan would not be the grand bargain that john boehner started initially working on. that plan would have dealt with tax reform and deficit reduction and this will be a much more scaled back version that will deal with the issue of taxes and that is still the big sticking point, taxes. of course, democrats and president obama have called for tax rates to
for making nice with president obama in the wake of hurricane sandy. >> 2.8 million people without power. i've watched these extraordinary scenes over new jersey today, really quite unprecedented. i've never seen anything quite like it. have you ever seen anything like this in your lifetime? >> no, i haven't. you know, you see sights like the seaside heights board walk where the program "the jersey shore" is filmed, the board walk is gone. it is gone. music rides, roller coaster ride, in the ocean. it's incredible. homes destroyed. it's an awful thing. >> you've taken charge, as you've always done in these situations, in a very impressive way. people have been surprised you've been so outspokenly supportive and praiseworthy to the president. i'm not surprised knowing you but explain to me why you were happy to do that so close to an election when some might say politically that wasn't the best thing to do. >> this is much more important than any election, piers. this is the livelihood of the people in my state. when the president does this evenings that deserve praise, i will give him spraz
. but they did figure out how to fake symbolically repeal obama care 33 separate times. it didn't mean anything, but when there were things that didn't mean anything that were just symbolic, ultimately they figured out that they could get some of that stuff done. but when things really did matter, like in the debt ceiling standoff, when the republicans decided to block something they happily voted for dozens of times under republican presidents, they did end up having to vote to raise the debt ceiling, but not before they pushed the fight so far and so late that the nation's bond rating got downgraded explicitly because of the breakdon in basic governing capacity in washington, and the length and the ferocity and the pointlessness of that fight this to job growth for the term of that fight. not good. the john boehner is bad at his job hypothesis is by now a pretty well-founded hypothesis. that was the case even before mr. boehner's republican caucus just imploded last night and gave up and went home and asked the democrats to instead see if there is something maybe they instead can do at the en
of the other stories we're watching this morning. senator john kerry is in line for a new job. president obama officially nominated kerry to be the next secretary of state. he's currently the chairman of the senate foreign relations committee. secretary of state hillary clinton has said she wanted to leave the job after president obama's first term. >>> three people have been arrested in connection with a deadly house explosion in indianapolis. blast in early november killed two people. police arrested the victim's neighbors who lived in the blown up home and one other person there charged with murder and arson. >>> the lack of a fiscal cliff deal led the stock market to take a big hit on friday. you see it there, the dow was down nearly 121 points for the day. but in the end, all three key indices actually ended up slightly for the week. >>> now, there are just ten days left to salvage a deal on the fiscal cliff where you, i, and everyone else will be paying much higher taxes. president obama is challenging congress to get it done. >> in ten days we face a deadline. in ten days under current
with president obama on one point. concern about violence in popular culture. video games, movies and news music. the nra is one of the most feared and effective lobby groups in the nation. now signs of shifting public opinion and renewed calls for gun restrictions in congress and state legislatures present the organization with its biggest test yet. >> thanks so much, pete. >>> more now on the gun debate in and the fiscal cliff. joining me is congresswoman diana of colorado. welcome to you, glad to have you join us. >> good morning, alex. >> the nra says the answer to gun attacks is putting police with guns in the schools. you are from colorado and you knee did not work in the columbine attack because there were armed guards will, right? >> right. alex, columbine is in my congressional district and i was in congress when columbine happened. they had would armed guards there. many of the schools already have armed guards. you know, just saying we need to make bigger fortresses of our elementary schools is really an unbelievable and shocking answer to the issue of these assault weapons and these
budgets and can't get one vote for any of them. boehner will be tip o'neill, obama needs to be reagan. i would vote for revenues including tax rate hikes, even though i don't like them, to stave country from becoming greece. >> today, despite the president being in hawaii, the fiscal cliff is still on the agenda. kristen welker is with the president in honolulu. good day to you, kristen. what are you hearing there? >> reporter: alex, good morning to you. white house officials say this is very much a working vacation, no word if president obama has actually spoke on the congressional leaders at this point. i can tell you that conversations are going on at the staff level. but the reality is that the hard work, the final touches probably won't be put on these bills or this bill, rather, that they're hoping to get until lawmakers, the president, return to washington. and of course that won't happen until after the christmas holiday. this has a lot of people worried, alex, because as you say there's not a lot of time left to get a deal done. president obama, house speaker john boehner, were
they have no intention of doing anything, and, yet, again, the obama administration saying, oh, we're working hard on the problem, when, in fact, they are doing nothing, setting us back, not going forward, but increasing spending, not reducing it. >> the road map going forward is declaring victory saying we're for middle class tax cuts reaching a deal early in january even though this is a g.o.p. middle class tax rate that president george w. bush enacted so, you know, that's the way going forward. >> wait for the first paycheck, it's going to be lower. >> see what happens monday morning, dying to see what happens this weekend. >> yeah, because they are meeting this weekend. >> oh, are they meeting? dagen, it's yours. >> when you are outraged, you sound authoritative. i sound like a crazy red neck. i need your help. putting the band back together, the president hosting party leaders at the white house trying to find middle ground on dealing with the coming tax increases and spending cuts. the damage done already to american business, uncertainty and looming tax burden has owners up
john boehner, his plan b went bust. before leaving town president obama urged congress to pass a mini-plan that would preserve middle class tax rates. the president is now in his native hawaii for a quick christmas break. briana keiller joins us from honolulu. hello, briana. is this fiscal cliff deadline getting closer, what do we think will happen as the holidays rolls out here? >> reporter: well, there's one sort of last ditch effort possibility here, don, and that is when the senate reconvenes on the 27th, it's possible that either they could try to pass something and sort of force it on the house or it's possible that they could take a bill that they've already passed back in july with the threshold of those tax hikes being at the $250,000 level and that they could kind of say to the house, okay, now the ball is in your court. you have to deal with this, but it's still very much a possibility, don, that this doesn't work out, that we go over the fiscal cliff, and that was reflected today on the sunday shows from both democrats and republicans. take a listen. >> passing plan b, the
, and officially president obama is supposed to be remaining here in hawaii through the new year, it seems likely he will be heading back to washington sometimes around when the senate convenes. and in the meantime, just up in the air about what is going to happen. is it going to be a very unmerry cliff-mass? perhaps. >> i feel like we should pause and listen to the best sound in the world behind you. the waves crashing on the beach. >> pretty good. thanks. >>> dana, as you know, the fiscal cliff crisis is bringing out the creative side of the "usa today" editorial board. >> with the president and congress on holiday break, the newspaper's editors decide a holiday poem was in in order. >> we decided it would be a great idea to read some of for you. >> twaz the night before cliff-mas, when all through d.c., not a politician was stirring, they'd decided to flee. their work was not finished but they did not care. the fiscal cliff looming they took to the air, voters watched this debacle with dressing dressed while visions of total victory dances in polls head. >> democrats balked at a tight spending
to the right to bear arms in the united states, and what president obama called the nation's epidemic of gun violence. we want to welcome our viewers in the united states and around the world. i'm wolf blitzer. we begin our special edition of "the situation room" by focusing in on the search for answers. why? why would a 20-year-old man kill his mother, then gun down 20 children and six adults at the sandy hook elementary school before taking his own life? why? police are not the only ones pouring over the evidence, exploring answers. medical investigators are all over this case as well. let's go to our chief medical correspondent dr. sanjay gupta. he is joining us now. now, sanjay, you have been taking a very close look, potentially at the mind of a killer. >> yeah, and that question, why, wolf that you ask, it is hard to say for sure whether there is ever going to be a satisfactory answer to that. but there are several things that medical experts and investigators are going to look at, including specific patterns. we looked at ten of the most widely studied cases, tragedies, i should say i
♪ >>> out front next as we quickly approach the fiscal cliff, president obama nishs a new proposal to congress. one week after the deadly school shooting in newtown, connecticut, communities across the nation and around the world pay tribute to the victims. and the national rifle association speaks out for the first time since the attack. it proposes a controversial plan to prevent similar mass shootings. let's go out front. >>> good evening, everybody. i am soledad o'brien in forever inburnett tonight. out front this evening, lowering expectatio expectations, just ten days until we fall off the fiscal cliff and no deal in site. tonight president obama urged congress to broker a scaled down deal. >> i just speak to speaker boehner, and i also met with senator reid. in the next few days a asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >>
of the romney campaign glen hubbard, and president obama's former budget czar peter orszag, among others. >>> also, let me tell you about the biggest success story in latin america. it is not brazil. it's actually much closer to home. then, as the world watches the arab world struggle with democracy, we'll take a look at the problem from an unusual perspective, upside down. how does a country turn away from democracy as eastern europe did 50 years ago? i'll talk to pulitzer-prize winning historian ann applebalm. we focus on decision making. in the depths of the financial crisis, the obama administration had an almost impossible choice -- save chrysler by injecting billions of taxpayer dollars, or let it fail and lose perhaps a million jobs. car czar steve rattner gives us a fascinating inside look. for viewers in the united states, we have a special tonight at 8:00 and 11:00 p.m. eastern and pacific called "tough decisions." >>> but, first, here's my take. announcing that he would send proposals on reducing gun violence in america to congress, president obama this week mentioned a number
will never be hit by it. there's one of the challenges that you have is obama, when he ran for office four years ago, said he'd never raise taxes on anyone who made less than $200,000, married people less than $250,000, but the new pledge made in 2012 said that his plan, this was august 8th, and since then, obama says my plan is that if you make less than $200,000 you'll see no income tax increase next year, so obama's new commitment is only the income tax, only for one year. >> right. >> and, of course, we're all paying higher taxes in january because of obama care. >> okay. >> taxes on capital gains. >> let me ask you this though, grover. i can imagine you wear it as a badge of honor to this the senate majority leader on the floor of the senate invoking your name in frustration because there are people on the republican side who are, you know, following your -- your lead to not raise taxes, but let's face it. you were in -- you were imposing this no higher tax in a different era, at a different time, in a different part of the economic cycle. aren't we at a point now economically where t
now. >> merry cliff-mas, everybody. five days left and still no deal. president obama cutting short his annual vacation in hawaii to deal with the fiscal cliff. no sight of congressional leaders. they're not in town. investors getting a little bit nervous. will congress get it together in time? no talks that we know of are imminent. it was by at least one measure, the weakest holiday retail sales growth since the financial crisis back in 2008, but could a post-christmas holiday sales bounce be around the corner? >>> and what a year it has been for tech. gadgets and gizmos. apple, facebook, microsoft all have big news. will 2013 be a lucky year for the sector? which tech titans might lead the new trends? simon hobbs is in at the new york stock exchange. >> good afternoon. when president obama arrives back in d.c., can he prevent america falling over the fiscal cliff? house republicans haven't yet called their members back to washington. our chief political correspondent, john harwood, is with us. john, this feels very much like it might be the calm before the storm in more way than o
barack obama and mitt romney, and you were tearing me off a new one, i believe is the american phrase, for what you perceive to be my lack of support for the president. >> that's right. >> i was more interested in the debate. it was a good one actually. i found it very informative. >> i kept sending you articles. >> you did. and your man won. >> your man didn't? >> no, i don't have a horse in the race. i'm british. i can't vote. my argument to you is i wondered whether mitt romney could be better for the american economy, given his background. >> god, no. do you know why? >> you were having none of it. >> do you know why? there have been businessmen who have turned presidents. herbert hoover, george bush, the first george bush. businessmen, i think shall there were a couple of others. lousy presidents. businessmen make lousy presidents. >> why have you been so consistent in your support of obama? is >> i can't even imagine thinking about what would happen to the supreme court if a republican were the president. i mean, citizens united is a horrible thing that people can spend and wast
speaker john boehner is in ohio, president obama is in his native hawaii. you'll hear about a last ditch effort that may happen after the holiday. that story just a few moments away here as well. >>> a united states senator was arrested for drunk driving early sunday morning. idaho republican mike crapo was taken to jail in alexandria, virginia, after midnight. he was stopped for running a red light and charged with driving under the influence. senator crapo has issued an apology. he was released on $1,000 bond and he has a court date. >>> christmas, two days away, and for much of the country it's going to be a white one. heavy snowfall has blanketed several states, in the mountains of california up to five feet of snow is expected. snow is also falling back east as well. lake-effect snow has blanketed areas around cleveland and buffalo. high winds are threatening to delay flights at airports in new york, philadelphia and washington. >>> i have to warn you, the report you're about to see has some very graphic images of people hurt and dying. the latest from western syria, where more than
a picture now from the oval office this morning that we just got. president obama pausing during a meeting at 9:30 a.m. for a moment of silence for the victims of the shooting. it was appropriate that it was raining when it marked the moment that 26 lives were taken at that school. it sadly was that kind of day, bleak. what happened seven days ago has produced heartbreak beyond measure for the victims' families. the world shifted forever last friday and it will never be the same. you can feel the sorrow, you can feel the anguish in newtown, and you can also feel the strength. you can feel an incredible love and strength in this town. it's never been needed more than now. there have been two or more funerals every day this week. funerals for six of the children killed that were held at st. rose of lema catholic church. there will be another funeral there tomorrow. monsignor weiss conducted the services there. he joins me now. thank you for being with us. the strength of these families is extraordinary. you were saying this morning at a service that -- i was talking to a nun, actually, who s
" magazine named president barack obama. another world leader snagged the number one spot in time's reader poll with 12.6 million votes. so spill it. who was if? >> we're supposed to tell you "time" magazine will be the first to tell you this is not scientific. >> i'm sure. >> north korea's supreme leader, youngest head of state currently in the world kim jong-un. >> why the fascination with him? >> he's intriguing because he's the third in the kim dynasty. he's the third and youngest son, but his father thought he had bha it took to the supreme leader. interesting enough, he went to school in switzerland and he's an nba and nike fan and does his own buzz cuts, which have become a trend in north korea. >> he does that hair himself? >> yes. he has a fear of barbers. >> i guess you never know who will come after you. "the onion" as a joke named him sexiest man in alive in a poll. it was meant to be a joke. the chinese published it thig it was real. >> we know it's not real. good about him is he showed his wife. that gives a lot of hope to the north korean public. you never saw his father's w
no deal? president obama keeps talking about half a trillion in cuts, over ten years, we're doing that every five months when it comes to the deficit. $100 billion more person month that we spend over what we take in. you have to have bigger cuts on the table to get republicans to come along. >> we're only paying for 40% of what we spend today. it's interesting to see and what the futures are doing right now. very thinly traded at this hour on a friday evening it would be interesting to see and what they signal in terms of where we stand, now that we've heard from the president and some sort of modest optimism from both leader reid and minority leader mitch mcconnell. >> tyler, we want to go back to eamon javers. >> you just said when will we hear now from the president again? nbc news is tweeting that barack obama will appear as a guest on "meet the press" this weekend. when we will hear from the president again will be sunday morning. something to watch out for over the weekend. presumably, we'll get incremental details on what this deal is. as this is negotiated throughout frid
stocking. higher taxes, lawmakers and president obama have left washington for christmas with no deal on tax hikes and spending cuts set to go in effect after the first of the year. brianna keilar is live in hawaii where the president is spending the christmas holiday. brianna, the president maybe a little too optimistic that a deal can be reached? aloha, by the way. >> he did say last night that he is a hopeless optimist that something can get done, but what we know, it's not going to be that big package, obviously of deficit reduction as well as dealing with these tax hikes that are set to kick in. that's not what's going to be happening, instead, he's pressing for something smaller just to a deal with stopping those tax hikes from kicking in for americans making $250,000 per year or less. and also trying to make sure that unemployment benefits are extended. listen to what president obama said last night and also listen to what some of the house republican resistance from speaker boehner to his sort of short-term plan here. >> in the next few days, i've asked leaders of congress to
would be there every step of the way, if president obama would walk in and tell the attorney general of the united states to tell every u.s. attorney if you catch a drug dealer on the street with a gun, prosecute him and take him off the street, violent felon, violent criminal, take him off the street. >> so there's no new gun regulation you would support? >> this is what would work. >> i'm asking you a drirect question. is there any enough drug regulation you would support? after the debates of the 90s and today, could we make the assault weapon ban better -- >> you want one more law on top of 20,000 laws when most of the federal gun laws we don't even enforce. if every u.s. attorney would do only ten cases a month that, would be 12,000 cases. if they would do 20 a month, it would be 24,000 cases. that would get the worst people in the country that are killing people off the street. right now, david, do you know how many cases we're doing in the whole country on prosecutingnd all the federal gun laws? take a guess. take a guess. >> you tell me. >> 6,000. it's pitiful. and the drug d
which is happening tonight as we speak. also, as supplies from the obama team, ep achieve lisa jackson stepping down. can the coal companies finally breathe a sigh of relief? guess what happened in britain when the uk banned handguns. the surprising result that could change the gun control debate. "the kudlow report" start ises right now. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not entirely clear at this point when that meeting will take place and details are still being hammered out and we saw today a blistering series of rhetorical jabs from one side to the other and it's not clear as a result of all that whether a deal can, in fact, get hammered out in the remaining time before new year's eve and take a listen to senate republican leader mitch mcconnell earlier today explaining the problems he's facing in washington. take a lis
's get you some some of the morning headlines. the biggest one being president obama planning to meet with congressional leaders at 3:00 p.m. eastern time today in a last ditch effort to avoid the fiscal cliff. the house majority leader eric cantor is now telling members to be prepared to work through january 2nd. both sides still far apart, however, on taxes and spending cuts. senate majority leader harry reid says prospects for a deal by monday are still unlikely. there was a lot of movement, motion for not a lot of action. >> where were you yesterday? >> i was here. we were together. >> were we ever with our -- no. but there were duelling senate leaders just -- first mcconnell came on. and he said -- did you see either one of those? >> i did. >> did you see harry reid? >> there's no chance of -- >> but if you think -- i want to rise above. there was so little of anything close to that yesterday other than just the -- i mean, people at home must be like, it's the endless blaming and finger pointing and, you know, when one side says it's all the other side's fault and all the other s
. >> all right. ian lee, thank you very much. appreciate it. >>> president obama back in washington today to tackle the so-called fiscal cliff. he landed about 30 minutes ago. you see him getting off of the air force one. the president shut his vacation short do deal with this economic crisis. according to a tweet from a white house spokesman, the president spoke with all four congressional leaders before leaving hawaii for washington, and the senate is reconvening today. now the automatic spending cuts and the tax increases that make up the fiscal cliff, they're set to take effect in just five days. much more on the fiscal cliff crisis, the effort to reach some kind of agreement later this hour. we're going go live to capitol hill for the latest as the senate returns to work. that is coming up in about 20 minutes. >>> and president obama's going to have another cabinet position to fill for the new year. we learned a short time ago apa lisa jackson is stepping down after the president's state of the union speech in january. jackson starting with the agency as a staff level scientist back
, a white house reporter. we will talk about president obama's cabinet for his second term. we will wrap up the program with michael gordon talking about what is next for iraq. thank you for watching this edition of the "washington journal." we'll see you again tomorrow morning at 7:00 eastern time. [captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] >> today on c-span, the impact of student loan debt on students and parents, followed by a look at space exploration and innovation. later, a discussion on nasa's budget and mission. >> my first conservative was a friend of a friend -- i never met a conservative in my life. i was impressed by him, because he answered questions, he was very composed. he was not rancorous. he tried to gauge his responses to the level of my request. over the course -- and not understand of anything this guy is saying, but he is so damn polite. maybe there's something in his convictions. >> playwright and reformed the mamet.al david sunday night at 11:15 eastern. "booktv." >> according to a report, the u.
told larry king he hated war. president obama called schwarzkopf's death the loss of an american original. norman schwarzkopf was 78. >>> secretary of state hillary clinton will be back in the office next week. clinton has been recuperating at home from a stomach flu and a concussion suffered when she fainted and fell. her doctors have told her not to travel overseas for the next few weeks. but she is expected to testify before congress on the september attack on the u.s. consulate in benghazi, libya. >>> put the harps back in the closet. that's the word from former president george h.w. bush's chief of staff. she says the condition of the 88-year-old former president is not dire. his family is expressing confidence that he will soon be released from an intensive care unit. he's been treated for a high fever at a houston hospital. >>> with the nation reeling from the tragedy in newtown, connecticut, and engaged in a national debate on gun control, chicago reaches a deadly milestone despite the toughest laws when it comes to owning firearms. >>> federal investigators arrested a ne
between six and eight weeks of additional time. >>> president obama winging his way back to washington today, with the fiscal cliff deadline looming. cnbc's eamon javers joins us now with more. with the capital building as a backdrop. all i'm thinking about is the game sunday night. and when i think about washington. but there are other things happening, right, eamon? >> there's a lot of back to town stuff going on here in washington today, joe. we've got the president coming back. he abbreviated his holiday in hawaii. the senate is coming back. the house of representatives meanwhile is going to hold a conference call for all republicans later on today. but it's not clear that all these folks, including the president, are going to have much to do when they do come back to town. there's no deal pending on the table here on the fiscal cliff and we're creeping up here on new year's eve. and then yesterday, as you just mentioned, treasury secretary tim geithner really upped the ante in dramatic stakes in the fiscal cliff end game by saying that the united states is going to hit its borrowi
soledad is off today. president obama will hold a critical meeting at the white house. and blame game is down right nasty. >>> tributes from the pentagon, white house, and gulf war buddies after the passing of stormin general norman schwarzkopf. and teachers learning how to shoot in case a gunman walks into their classroom. the man offering lessons were free. "starting point" begins right now. friday, december 28th. and our starting point, the pace in's economy and your take home pay on the chopping block. four days remain before the u.s. goes over the edge. that means tax hikes and spending cuts that could trigger another recession. congressional leaders will meet today at 3:00 p.m. eastern time. the full house not even expected to return to work until sunday. here is the guest list for today's showdown. the president, vice president biden, senate majority leader harry reid and house minority leader nancy pelosi on the democratic side. house speaker john boehner, mitch mcconnell representing the republicans. brianna keilar live from washington. what do we expect to happen today?
to there this quickly. >> you pleased that president obama was re-elected? >> yes. very much so. >> why? >> i think he's a good man. i think he cares about people. as a health activist, i think he is trying very hard to help people get good access to care. >> your father said there are two kinds of people in the world, givers and takers. the takers may eat better, the givers will sleep better. >> yes, do you think that's true? >> do you sleep well? >> i do. how about you? >> probably not as well as you. i don't raise $800 million a year. it's extraordinary. the statistics, 7,000 children are treated there free of charge every year. between thanksgiving and new year, i think, since 2004, you've raised $312 million just in that period. >> yes, yes. >> which is amazing. it shows me also that america, for all of the faults that it has right now, and they get well talked about, it's a very giving, big hearted country. >> absolutely. and also a lot of people know about st. jude firsthand. it's amazing. no place i go to speak is there someone that doesn't stand up and say my cousin went there, my neighbor we
all participating. one more thing on president obama. president obama met with jesse jackson every saturday for about one year, but ever since he was president he did not invite him to the white house one time. all of these black people crazy about obama, you had better think twice. thank you. guest: you were right that houses were overpriced in california, but they were overpriced before the bubble. houses in north carolina might cost you $600,000 before the bubble, $1.5 million at the height of the bubble, and now down to $400,000 -- four times as expensive as they would begin south carolina, which does not have land use restrictions. host: denver, colorado, ron. republican women. -- republican. caller: good morning. it seems like the community reinvestment act that was passed in 1975 more or less laid the foundation for the housing bubble as that was the beginning of the sub-prime. that evolves and was expanded upon. business took advantage of it. because of that we get the ball. the -- bubble. the cra is still on the books, and sub-prime loans are still being made. i was wonder
of president obama for helping sandy-ravaged new jersey came days before the election and had no noticeable effect on the presidential race, but some republicans think christie didn't have to be that efuse sieve. they'll remember if his name pops up in 2016. >> if it's a legitimate rape, the female body has ways to try to shut that whole thing down. >> reporter: from the say what category of entries comes a combo team, missouri senate candidate todd akin and richard murdoch of indiana. >> life is that gift from god, and i think even when life begins in that horrible situation of rape, that it is something that god intended to happen. >> republican dreams to take control of the senate in 2012 had dwipdalled throughout the year, but akin and maur dock pretty much shut that door in a couple of sentences. two words from mitt romney during the primary reverberated all the way through to november. the wish issue was his plan to prevent employers from hiring undocumented workers. >> people who come here illegally won't be able to find work and over time they would self-deport. >> the concept was n
they are out wherever they r and we are here trying to get something done. >> president obama called leaders last night and tomorrow afternoon we will meet with the speaker and mix mcconnel and harry reid to see if they can avoid going off the fiscal curb on january 1st. today harry reid emphasized that there is ome one reason why they are unable to reach an agreement so far. >> this has been going on for years. they cannot cross over the threshold. people are not proposing making the taxes like them. john boehner could not even pass the tax proposal he passed over there. he said no, can't do that. didn't he bring it up for a vote? >> tonight, speaker boehner's office put out this statement. >> joining me now are our guests. clearly the positioning game continues. harry reid saying we did our job months ago. do you think we til would posturing stage at the end of that white house meeting tomorrow? >> in your introduction you made the fundamental point here which is that this agreement before the end of the year, simply cannot go forward unless john by nor is willing to let it do so with majo
a barack obama chia pet. in a couple of weeks, those things will be in full bloom. >> on ebay you can get one of those. i thought becky was going to be here. i got becky, because she's kind of a jersey girl. i got this for all my guys in the company. the guy who runs my d.c. office, dan clifton. this is fiscal clifton world tour. and all the places where he was, various and sundry places -- >> who is that band? >> this is k.i.s.s. and my partner -- >> we've got to go. jason, thank you for all of this. we appreciate it very much. join us on wednesday. happy holidays. "squawk on the street" starts right now. >> can't wait to see what jason got us here. welcome to "squawk on the street" on this final trading day before christmas. i'm carl, with melissa lee, david faber at the nyse. the new york stock exchange and nasdaq closing at 1:00 p.m. eastern time. the futures, a little bit of weakness here which we'll talk about in a minute, after it comes after a pretty bad day on friday. the european markets closed for the christmas eve holidays. london, paris, spain have each completed shortened se
to domestic programs. democrats, of course have no intention of doing that. especially after president obama won the election. senate democratic leadership aide tells me that will remains a 50/50 chance we will get a mini deal temporary extension of tax cuts under $250,000 before the january 1 deadline when we would go over the cliff. will are no assurances of that. a white house official told me as president obama prepares to fly back to conduct and participate in the negotiations at the end, there has been no progress over the holiday weekend. michelle, i'm afraid that people who are looking for a deal and looking for a deal by december 31, all hope is not lost. it is not looking good at the moment. >> let's go back to this hitting the debt ceiling on monday. we learned of this because treasury secretary tim good night mother sent a letter to the honorable harry reid majority leader. and that's where he outline it is fact that in three business days, the summit government is going to run out of borrowing capacity. john, if there were a treasurer in a business who went to their boss and sai
for the holidays, obama urged congress to come up with a deal before the christmas break. many spent today navigating the parking lots of packed stores and shopping malls for final gifts. some had a really good reason for hitting the stores in these final hours before christmas. >> i have a baby that is due christmas morning. so i came out here to do some last-minute shopping. it is tough to shop during the holidays, especially right before christmas because, again, you miss out on deals. >> a recent poll found 132 million people had not finished their holiday shopping and 26 million had not even began. many retailers will be open christmas eve late to accommodate them. the pope spoke in a number of languages today in vatican city. he encouraged people to look beyond the materialistic side of christmas and wish people unhappy and gracious christmas. after a rough start, smooth sailing for several holiday travelers. but could that change? >> we have a little bit of rain and snow in the seven-day forecast. 28 degrees at the airport, but still near 40 degrees in the city. oh, you have a keuri
congressman says president obama wants america to go over that cliff >> it is unclear when the president will return from hawaii. staffers for both sides are expected to be communicating over the next few days >> egypt's leading opposition party says it plans to appeal the results of yesterday's constitutional referendum. preliminary results show the new constitution passed with 64- percent of the vote. but opponents say it limits their rights -- and is not legitimate because the voting procedure didn't follow guidelines. parliamentary elections are scheduled in two months -- and the opposition hopes to present a united front by then. some 68-percent of egyptians did not vote in the referendum. >> former president george h. w. bush is showing signs of recovery but may not be home to celebrate christmas with his family. he has been hospitalized since november with a brown tide is related cough. in a statement from hospital his doctors are optimistic he will make a full recovery. however they're being cautious and want him to build up his energy before he is released >> funeral services
the decision-making process, president obama's national security adviser tom donilon. >> did people worry it would be desert two? >> this is why it was a tough decision. what were the risks? there were obviously risk to the forces carrying out the operation. there was a risk of failure and the impact on the united states and its face to the world. there was risk to the pakistani relationship. we were undertaking university lateral action to go after osama bin laden in pakistan. those risks had to be considered by the president. i will tell you this in line with your question. there was a lot of history present in the room. secretary gates. there was a national security aide during desert one. i was an aide to carter. vice president biden was in the senate at the time of the desert one operation. it was clearly on people's minds. also in the room was one of the aspects that came out of desert one and that was the formation of a unified special operations forces command. the troops, the forces that would carry out the operation, that had become such a unique asset of the united states. >> t
they are asking the president. >> the letters start out with a simple salutation. >> dear, president obama, my name.... >> what follows is an example of the child's vast curiosity. do you wear a suit every day? and questions even adults would like to ask. >> how do you feel about romney lose something. >> the students are participating in a program called mail to chief organized by handwriting without tears. it's to encourage students to get interested in government. >> anything you want to write is fine, okay? >> this year the students have been particularly interested in what is happening in their communities and around the world and they are not holding back. >> are you going to deal with the problems in egypt? >> what are i going to do about gangs? i know five people have been shot and killed. maybe start more programs to get kids out of gangs. >> despite being so yuck, these kids are not afraid to share their hopes for the future. >> dear president barack obama do you this a woman will ever be president? i. >> i think you should give more money to schools so they can do future projects an
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